CHICAGO, Feb. 9, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "rjm77me".
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India ADRs Down in Dumps - Time to Buy
Here is one way to play the deep correction in India's growth.
Yes, risk is there -- but just add to buy watch and wait for turn around -- the Indian market will go up in a hurry when it moves.
The India Fund (NYSE: IFN) is more like an ETF -- it has corrected aprox. 305 in 2011 and volume has dried up.
Volume is an indicator when no panic selling is going on. Please do your own homework.
I did trade in and out of ICICI Bank (NYSE: IBN) in last 15 days. It has not made much money -- but did not lose any either.
Lot of currency from all around the globe went in the Indian stocks and when US market turned around the money got pulled out from India. Smart money knows when to get back in for second round of profits.
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